Consumer electronics to grow at a compounded annual growth rate of 9.5% from 2015 till 2021

The report said while the industry currently employs 1.52 lakh people, there is a still a wide gap between required and available workforce which might threaten the pace of growth.Writankar Mukherjee | ET Bureau | December 17, 2016, 09:25 IST

The report said while the industry currently employs 1.52 lakh people, there is a still a wide gap between required and available workforce which might threaten the pace of growth. It said the industry growth shall necessitate investment in workforce employed in installation, service and repair.

Of the 1.52 lakh people pool, 44% are skilled while unskilled segment account for the remaining 56%. The report suggests the industry must collaborate with government to offer skill-training and certification. One direct job creates three indirect jobs in the industry.

Manish Sharma, president of CEAMA and CEO of Panasonic India, said due to the gap in demand and supply of engineers, technical incompetency of fresher engineers, lack of soft-skills, high attrition rate, and rise of new technologies the industry will witness an avoidable, opportunity loss.